HHM Wealth Advisors LLC Cuts Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

HHM Wealth Advisors LLC decreased its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,756 shares of the industrial products company’s stock after selling 622 shares during the period. HHM Wealth Advisors LLC’s holdings in DXP Enterprises were worth $1,632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. CWA Asset Management Group LLC increased its position in shares of DXP Enterprises by 20.9% during the fourth quarter. CWA Asset Management Group LLC now owns 25,070 shares of the industrial products company’s stock worth $2,071,000 after purchasing an additional 4,329 shares in the last quarter. JPMorgan Chase & Co. increased its position in DXP Enterprises by 193.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock valued at $5,232,000 after buying an additional 64,611 shares in the last quarter. Principal Financial Group Inc. increased its position in DXP Enterprises by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 68,997 shares of the industrial products company’s stock valued at $3,682,000 after buying an additional 178 shares in the last quarter. 272 Capital LP purchased a new stake in DXP Enterprises in the third quarter valued at about $1,380,000. Finally, Barclays PLC boosted its holdings in DXP Enterprises by 355.4% in the third quarter. Barclays PLC now owns 23,723 shares of the industrial products company’s stock worth $1,267,000 after acquiring an additional 18,514 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stephens upped their price objective on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. StockNews.com lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

Insiders Place Their Bets

In other DXP Enterprises news, insider Christopher T. Gregory sold 1,000 shares of DXP Enterprises stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total transaction of $73,100.00. Following the completion of the transaction, the insider now owns 29,606 shares in the company, valued at approximately $2,164,198.60. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 22.40% of the stock is currently owned by insiders.

DXP Enterprises Stock Performance

Shares of DXPE opened at $101.29 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The stock has a 50-day moving average of $86.00 and a two-hundred day moving average of $65.23. The stock has a market cap of $1.59 billion, a P/E ratio of 26.11 and a beta of 1.67. DXP Enterprises, Inc. has a one year low of $31.56 and a one year high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The firm had revenue of $472.94 million during the quarter. During the same period last year, the firm earned $0.93 EPS. As a group, research analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

DXP Enterprises Profile

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).